Which of the Following Is True of Autarky

question 68

Multiple Choice

Which of the following is true of autarky?

• A) A country's consumption possibilities are the same as its production possibilities.
• B) Equilibrium is attained with the maximum gains from specialization and trade.
• C) There is no legal limit on the amount of a commodity that can be imported.
• D) Countries export products they can produce more cheaply in return for products that are unavailable domestically or are cheaper elsewhere.
• E) World price is determined by the world supply and demand for a product.

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Definitions:

Implantation

The process by which a fertilized egg attaches itself to the wall of the uterus so that the embryo can begin to grow.

Embryonic Period

A crucial stage of human development that occurs in the first 8 weeks after fertilization, during which vital organs and structures begin to form.

Conception

The process of a sperm fertilizing an ovum, resulting in the beginning of a pregnancy.

Age Of Viability

The age at which the fetus may survive if born prematurely; begins about 22 weeks after conception.